Finance ✦ Penny’s Take
HIGH YIELD BONDS
Mark Shenkman · 1999
58/100
👎 Skip It
Shenkman's credentials are real and the 77-year default study at the heart of this book represents genuine empirical work, making it an authoritative reference for the high-yield market as it stood in 1999. The problem is that the junk bond market transformed dramatically after 2000 and again after 2008, so the practical portfolio guidance is dated in ways that matter to practitioners. Institutional credit analysts who need historical baseline data will find it useful; most others should find a more current reference.
✦ Penny’s Take — this is The Review Group’s own editorial assessment. Penny’s analytical review line researched this book from real sources and scored it across the lenses shown below. It’s an honest first-party read — not a page-by-page personal one. The gold ✓ Penny Tested mark is reserved for books Penny reads cover to cover herself.
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Show the math
Verdict receipt0–100
Faith & family safety87
Substance / usefulness72
Craft & writing68
Originality60
Evidence & accuracy80
Hype vs delivers79
Age-fit38
👁 Human-eye gut-check58
Penny’s verdict58
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